Discussion in 'Economy' started by Bones, Jan 11, 2011.
Downturn's Ugly Trademark: Steep, Lasting Drop in Wages - WSJ.com
This is straight out of the wall street journal, moron. Hardly tinfoil.
its an employers market.
Very much so..
Who said "as planned", dickweed?
Oh that was addressed to me?
I'll raise you a tin foil hat and put in:
well sort of. The whole purpose of globalization was to raise wages in developing nations while reducing wages and esp costly benefits and entitlements in developed nations.
It's called labor commodification, and it shifts all the power away from labor and toward capital.
Why anybody is the slightest bit surprised by our declining living standards is a mystery. And this is a permanent trend btw, not a blip.
With the developing nations earning their share of the world's wealth the US is not gonna be able to suck up 25% of the world's resources.
The days of Americans being in a class unto themselves is over.
George Lucas just got in big time trouble for it..and I hope this happens more often..
Separate names with a comma.